Recruit Holdings Likely Seeing Signs of Progress Through Sales Growth -- Market Talk

0550 GMT - Recruit Holdings is likely seeing signs of progress with products for large companies, Nomura's Jiyong Oum says in a research report. Management said that there has been marked growth in sales to major customers and that this would be a major source of medium-term earnings growth, the analyst notes. Management also said orders have been rising in area of automation of hiring processes with usage of artificial intelligence. Nomura lifts its sales forecasts for the Japanese technology company by 5.0% for this fiscal year, 5.4% for next fiscal year, and 5.6% for FY ending March 2029. It raises the stock's target price to 18,500 yen from 16,000 yen with unchanged buy rating. Shares are 23% higher at 16,165 yen. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 10, 2026 01:50 ET (05:50 GMT)